KUALA LUMPUR: Destini Bhd
said its subsidiary Destini Oil Services Sdn Bhd has secured a major contract from PETRONAS Carigali Sdn Bhd for the provision of tubular running services (TRS).
It said in a statement, the contract was awarded on March 30, 2026, and will run for five years to March 29, 2031.
According to Destini, the contract significantly strengthens its order book by providing long-term revenue visibility through 2031.
Operationally, the five-year duration allows DOS to optimise its resource deployment and leverage its established local infrastructure to drive cost-efficiencies for the client.
“We value the ongoing partnership we share with PETRONAS. Destini is committed to being a reliable TRS solutions provider, especially as we all adapt to the complexities of today’s energy market. We look forward to supporting Malaysia’s energy security through operational excellence and a shared focus on long-term resilience,” said group managing director Datuk Sri Shahril Mokhtar.
He added that the award comes at a critical time for the energ ysectors as maintaining stable domestic production is more vital
than ever amid the ongoing energy crisis in the Middle East.
"By securing this five-year contract, Destini reinforces its role in ensuring that upstream operations in Malaysia remain resilient," he said.
